Bitkraft holds €18m first close for eSport venture fund

The vehicle is targeting a final close on €30m and has already invested in 10 eSport companies in Europe, Asia and the US, including Boom.tv, Kek.tv and Dojo Madness. It plans to make four more investments in 2017.

Bitkraft was founded in 2015 by Jens Hilger, an eSport veteran and founder of gaming competition organiser ESL. The GP aims to invest in building and scaling eSport companies across the globe.

Investors
The fund's limited partners include private investors Sumit Gupta, Fabrice Grinda, Hany Nada and Rick Thompson, as well as institutional investors including MTG, Segerstrale Family Trust, aXiomatic Group, Bertelsmann's BDMI, Inner Circle Sports and others.

Investments
The fund will make investments of between €100,000-400,000 in eSport companies across all regions and gaming platforms.

People
Bitkraft Esports Ventures – Jens Hilgers, Markus Fuhrmann, Minard Hamilton (co-founders).

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